Dallas 9/13/2010 11:30:35 PM
News / Business

Hot Stock Movers on Stock Offerings (LBTYA, ALFT, LRCX, WSM)

Hot Stock

Liberty Global Inc. (NASDAQ:LBTYA) rose 1.16% to $29.66 after it raises its buyback program by $212 million to $1 billion.

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Liberty Global, Inc. (LGI) is an international provider of video, voice and broadband Internet services, with consolidated broadband communications and/or direct-to-home (DTH) satellite operations. The Company operates in 14 countries, primarily in Europe, Japan and Chile.

Allegiant Travel Company (NASDAQ:ALGT) surged 1.60% to $39.64 after it announces that their board has approved a $50 million increase to the company's common repurchase program.

Allegiant Travel Company is a leisure travel company focused on residents of small cities in the United States. The Company operates a low-cost passenger airline marketed to leisure travelers in small cities, allowing it to sell air travel both on a stand-alone basis and bundled with hotel rooms, rental cars and other travel related services.

Lam Research Corporation (NASDAQ:LRCX) also rose 3.81% to $37.62 after it announced a $250 million share repurchase plan. The company said the buyback plan is a effective way to return value to shareholders.

Lam Research Corporation (Lam Research) is a supplier of wafer fabrication equipment and services to the worldwide semiconductor industry. The Company designs, manufactures, markets, and services semiconductor processing equipment used in the fabrication of integrated circuits. Its etch and clean technologies enable customers to build integrated circuits.

Williams-Sonoma, Inc. (NYSE:WSM) surged 2.60% to $29.64 after it announces $65 million buyback upon completition of its May 2010 buyback program.

Williams-Sonoma, Inc. is a specialty retailer of products for the home. The retail segment of the Company’s business sells its products through its five retail store concepts (Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm and Williams-Sonoma Home).

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